Which of the Following Operating Segment Disclosures Is Not Required

question 52

Multiple Choice

Which of the following operating segment disclosures is not required by U.S. GAAP?

• A) Interest expense.
• B) Intersegment sales.
• C) Extraordinary items.
• D) Discontinued operations.
• E) Liabilities.

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Definitions:

Machinery

Machines collectively or a system of devices that operate together to perform a particular task.

Urban Land

Urban land is designated areas in cities and towns used for residential, commercial, industrial, or recreational purposes.

Economic Rent

Represents the payment to an owner or factor of production in excess of the costs needed to bring that factor into production. In simpler terms, it's the extra income earned because of an owner's unique position or resource.

Marginal Land

Land that yields minimal agricultural output due to poor soil quality, steep slopes, or other environmental factors.